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Algorithms and the Changing Frontier
Agwara, Hezekiah - 2014
We first summarize the dominant interpretations of the "frontier" in the United States and predecessor colonies over the past 400 years: agricultural (1610s-1880s), industrial (1890s-1930s), scientific (1940s- 1980s), and algorithmic (1990s-present). We describe the difference between the...
Persistent link: https://www.econbiz.de/10013055503
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Quality Disclosure and Certification : Theory and Practice
Dranove, David - 2010
This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address three key theoretical issues: (i) Why don't sellers...
Persistent link: https://www.econbiz.de/10013148872
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Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets
Genakos, Christos - 2011
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...
Persistent link: https://www.econbiz.de/10013122878
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Innovating Standards Through Informal Consortia : The Case of Wireless Telecommunications
Delcamp, Henry - 2014
incentives to invest in R&D by internalizing potential externalities. They may also enhance efficiency of standardization by …
Persistent link: https://www.econbiz.de/10013065932
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International Standards and International Trade : Empirical Evidence from ISO 9000 Diffusion
Clougherty, Joseph A. - 2014
methodological challenges by measuring standardization via national penetration of ISO 9000, allowing standardization to manifest via …-signaling augmenting country-pair trade. Yet, ISO-rich nations (most notably European) benefit the most from standardization, while ISO …
Persistent link: https://www.econbiz.de/10013066003
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Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century
Gross, Daniel P. - 2019
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10012862849
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2010
production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … adapted to be produced using unskilled labor. Our framework highlights a number of novel results. First, standardization is … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …
Persistent link: https://www.econbiz.de/10013144153
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Evolving Standards for Academic Publishing : A Q-R Theory
Ellison, Glenn - 2011
This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...
Persistent link: https://www.econbiz.de/10013125817
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A Tale of Two Standards : Patent Pools and Innovation in the Optical Disk Drive Industry
Flamm, Kenneth - 2014
The impact of patent pools on the rate and direction of technological change is an open question in both theoretical and empirical studies. Economic theory makes no unequivocal prediction. By contrast, empirical studies of patent pools, to date, have largely concluded that patent pools have been...
Persistent link: https://www.econbiz.de/10013064214
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Public Procurement and the Private Supply of Green Buildings
Simcoe, Timothy - 2014
We measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) standard. Using matching methods, panel data, and instrumental variables, we find...
Persistent link: https://www.econbiz.de/10013065448